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There is an old saying, if you don't know where are are going, any road will get there. This thread is a lot like the person not know where they are going.

The first thing a person planing or asking about money in retirement needs to know is something only they can answer. That is "Where do you spend money now?" If Quicken is too complex, get out a legal pad and keep track of every thing you spend. Maybe you can't account for every cent, but if you have even 1% of your spending as Unaccounted, Unknown or Misc - you aren't doing it right. And to get more specific, you really can't answer the question properly with less than a couple of years worth of data. A whole lot of things only happen once a year - income taxes, home owners (or tenants) insurance and Christmas being non-trivial expenses for most people.

Once you have a meaningful history you can look at it and make some common sense decisions. As has been pointed out, most people in retirement stop adding funds to their retirement nest. You may travel more for pleasure, you probably will travel less to "work". Depending on the balance your automobile insurance cost may decrease a lot.

If you want a magic answer that takes no work, you make well get an answer worth just about the amount of effort you expended to get the magic answer.

Finally as you contemplate the funds needed, do consider the danger of running out of funds when you are say 85 and have been out of the work force for several years. That can be a problem. My solution to this issue is very simple. I keep track of my spending. I keep a running total for the last 12 months, just to level out those annual expenses.

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